iPhone 5 Launch: Betting on Apple Stock

Apple will release its long-awaited iPhone 5 later today. Analysts are predicting this will be one of the biggest consumer electronics releases in history, and the move will no doubt have an effect on stocks.

iPhone 5 Release

The iPhone 5, Apple’s new flagship mobile device, will be introduced along with the latest iOS 6 operating system by CEO Tim Cook. It is expected to include a new hardware design, featuring a bigger screen, thinner body, new mapping software and compatibility with the latest next-generation data networks.

Apple is expecting to sell up to 10 million iPhones by the end of this month alone, as consumers flock to buy their latest product. It will also raise the standards for mobile gambling, betting and poker operators, who will need to make their games compatible with the new industry leading mobile device.

Betting on Apple Release

None of the leading online or mobile sportsbooks are offering iPhone 5 release related odds, but those with account at the top betting exchanges can place a wager on the effect that this will release will have on Apple’s stocks.

Online betting exchange 24option allows wagers to be placed on the price of various currencies, commodities and stocks, including Apple’s (AAPL: Nasdaq) performance. Betting starts when the stock exchange begins operating each morning in New York, and account-holders can place wagers for as little as a few dollars.

Apple shares fell 0.3 percent or $2.15 to $660.59 on September 11, one day prior to the iPhone 5 release. The company, which has a history of trending higher on Wall Street before big announcements, hit an all-time high early in Monday’s session before dropping just before the close of trading.